As a senior person in the cryptocurrency circle, I have been deeply engaged in this charming and challenging field for many years. Having experienced multiple ups and downs in the cryptocurrency market, I have witnessed the rise and fall of countless coins, accumulating rich practical experience and unique market insights. Investment is a long-term practice, and the cryptocurrency circle is no exception. By maintaining learning and continuously improving one's perception and judgment ability, one can steadily advance in this challenging field.
Old Yang from the cryptocurrency circle: Bitcoin market analysis on November 27, 2024
Bitcoin daily chart is consolidating between 94670 and 90825, retracing to the support of EMA12 and the rising triangle trendline, with EMA still showing a bullish trend. However, danger signals are frequent; MACD shows a top divergence and decreasing volume, DIF and DEA have crossed bearish, and the middle track of the Bollinger Band is around 90000, with KDJ trending down. Major indicators are shifting from bullish to bearish. At this moment, is it a bear trap or has the trend already reversed? Only when the market breaks the key support of 88000 can the mystery be revealed. Investors seem to be in a fog, and can only stand ready, closely monitor the trend, and wait for the market's decision to find the best timing.
The four-hour chart of Bitcoin is currently at a critical position, and the next support level of 89500 is worth paying attention to. In terms of technical indicators, MACD shows a downward trend with decreasing volume, DIF and DEA have fallen below the 0 axis and entered a downward channel. After breaking the lower Bollinger Band at 91000, it spreads downward, with the middle track pressure at 95470. The short term is about to enter the oversold zone, and once extreme overselling occurs, the probability of a rebound increases significantly. In this situation, aggressive investors may try short positions, while conservative investors might wait for a bottom test at 90000 before looking for good opportunities. The market is changing rapidly, and all parties should respond cautiously.
Short-term strategy:
From 90500 to more than 90000, add positions at 89300, stop loss 500, target 93500
Short at 94700 to 95000, add positions at 95800, stop loss 500 points, target 93500
Disclaimer: The above analysis only represents the author's personal views and does not constitute specific operational advice. Any operations based on this are at your own risk. Investment carries risks; please proceed with caution when entering the market.
This content is exclusively planned and published by Old Yang from the cryptocurrency circle. For more real-time investment strategies, spot contract trading techniques, operation skills, and other knowledge, you can consult the author for learning and communication. Focused on BTC, ETH, and altcoin spot contracts for many years, hoping to help you achieve brilliant results!
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